Variable manufacturing overhead costs incurred

$614,790

Variable manufacturing overhead cost rate

$8 per standard machine-hour

Fixed manufacturing overhead costs incurred

$146,700

Fixed manufacturing overhead costs budgeted

$137,000

Denominator level in machine-hours

68,500

Standard machine-hour allowed per unit of output

1.2

Units of output

65,300

Actual machine-hours used

75,900

Ending work-in-process inventory

0

1.	Prepare an analysis of all manufacturing overhead variances. Use the 4-variance analysis framework.
2.	Prepare journal entries for manufacturing overhead costs and their variances.
3.	Describe how individual variable manufacturing overhead items are controlled from day to day.
4.	Discuss possible causes of the variable manufacturing overhead variances.

The Malaysia division of a Canadian telecommunications company uses standard costing for its machine-paced production of telephone equipment. Data regarding production during June are as follows: (Click the icon to view data.) Read the requirements Requirement 1. Prepare an analysis of all manufacturing overhead variances. Use the 4-variance analysis framework. Begin by calculating the following amounts for the variable overhead. - X Actual Input Data Table Actual Costs Flexible Allocated Overhead Incurred Budgeted Rate Budget Variable OH $614.790 $8 per standard machine-hour $146.700 $137,000 Requirements Variable manufacturing overhead costs incurred Variable manufacturing overhead cost rate Fixed manufacturing overhead costs incurred Fixed manufacturing overhead costs budgeted Denominator level in machine-hours Standard machine-hour allowed per unit of output Units of output Actual machine-hours used Ending work-in-process inventory 68.500 1.2 65.300 1. Prepare an analysis of all manufacturing overhead variances. Use the 4-variance analysis framework. 2. Prepare journal entries for manufacturing overhead costs and their variances. 3. Describe how individual variable manufacturing overhead items are controlled from day to day 4. Discuss possible causes of the variable manufacturing overhead variances. 75.900 0 Print Done [ Print Done Hell